State-run Philippine Amusement and Gaming Corporation (Pagcor) has officially turned over ₱5.7 billion in dividends to the national treasury, a fund seen as adding to the government’s resources earmarked for energy crisis response. The payment represents nearly half of the agency’s net...
The Philippine Solar and Storage Energy Alliance (PSSEA) is calling on the government to establish a dedicated incentive framework for micro- and small-scale solar installers to lower costs and sideline the growing “informal” market of non-compliant providers. In a statement on Wednesday, May...
Manila Electric Co. (Meralco) has asked regulators for permission to cap an expected spike in electricity rates this month to shield households from surging generation costs and a weakening currency. In a proposal submitted to the Energy Regulatory Commission (ERC), the country’s largest power...
The research arm of Frankfurt-based Deutsche Bank sees a “ super ” El Niño developing from this month until July, threatening to further accelerate the surge in Philippine consumer prices already aggravated by the Middle East war. Deutsche Bank Research hiked its inflation assumption for...
During intense deliberations that preceded the 2005 enactment of the Expanded Value Added Tax (E-VAT) Law, which also covered oil and electricity, lawmakers defended the measure as a treasury-tightening mechanism; an unpopular but calculated imposition designed to raise massive revenues so it could...
LAPU-LAPU CITY, Cebu — Leaders of the Association of Southeast Asian Nations (ASEAN) recognized the growing role of artificial intelligence (AI) and digital technologies in strengthening the region’s energy security, food systems, and social protection programs, President Marcos said. Speaking...
Ayala-led renewable energy (RE) firm ACEN Corp. announced that it has partnered with AllCard Inc. to power the latter’s operations using 100-percent clean energy. In a disclosure to the Philippine Stock Exchange (PSE) on Friday, May 8, ACEN said its retail electricity arm, ACEN Renewable Energy...
Meralco PowerGen Corp. (MGen) has achieved a new milestone with the launch of its Toledo battery energy storage system (BESS) project in Visayas region. In a statement on Friday, May 8, MGen said its two-hour BESS facility in Cebu province was developed through its thermal subsidiary, Toledo Energy...
Leaders from the Association of Southeast Asian Nations (ASEAN) and the European Union (EU) called for stronger regional cooperation and faster implementation of sustainability initiatives amid ongoing energy and economic pressures across Southeast Asia. The call was made during the ASEAN-EU...
Alternergy Holdings Corp. reported a net income of ₱114 million for the third quarter of its 2026 fiscal year, bolstered by the integration of new solar capacity and disciplined approach to operational expenses. In a disclosure to the Philippine Stock Exchange (PSE) on Friday, May 8, the...
Senator Joel Villanueva has filed a bill seeking to guarantee financial relief for borrowers, depositors, and digital payment users during national emergencies by giving the Bangko Sentral ng Pilipinas (BSP) authority to compel banks and other financial institutions to comply with emergency...
Cobra Energy Drink is marking its 20th year with a new campaign built around perseverance, introducing Daniel Padilla as its latest brand ambassador. Launched under the theme “Ang Liwanag na ’To Nasa Loob Mo,” the campaign focuses on the idea of inner strength, particularly among Filipinos...
